10th SEP.

2015

Good morning to all

CAPITALSTARS INVESTMENT ADVISORS

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MARKET SNAPSHOT
SYMBOL

OPEN

HIGH

LOW

CLOSE

CHANGE

NIFTY

7805

7846

7764

7818

1.70%

SENSEX

25682

25820

25553

25719

1.59%

Nifty levels:
Nifty spot close @7818
Nifty future close @7817
SYMBOL
NIFTY SPOT
NIFTY
FUTURE

S1
7764
7778

S2
7723
7739

PIVOT
7805
7821

R1
7846
7860

Todays view on Nifty

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R2
7887
7903

Selling opportunity as remain below 8000 we may see 7500-7450 in coming days. Above
8000 major resistance zone will be 8200-8250.

Bank Nifty levels:

Bank nifty spot close @16631
Bank nifty future close @16413

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SYMBOL
BANKNIFTY
SPOT
BANKNIFTY
FUTURE

S1

S2

PIVOT

R1

R2

16468

16305

16624

16787

16943

16456

16309

16622

17769

16935

View on Banknifty

Short covering is expected from lows, but no buying as remain below 16600.

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Market Commentary
MARKET COMMENTERY
A rally in global markets took Indian stocks higher for the second straight trading session.
The barometer index, the S&P BSE Sensex, jumped 365.71 points or 1.44% at 25,683.58, as
per the provisional closing data. The 50-unit CNX Nifty rose 130.35 points or 1.7% at
7,818.60, as per the provisional closing data. However, both these key benchmark indices
trimmed gains after a sharp intraday surge. The Sensex jumped 502.69 points at the day's
high of 25,820.56 in afternoon trade. The Nifty jumped 157.80 points at the day's high of
7,846.05 in afternoon trade.

STOCK BUZZ
Telecom stocks jumped after the Union Cabinet approved guidelines allowing
telecom spectrum trading. Reliance Communications (up 11.21%), Idea
Cellular (up 2.09%), Bharti Airtel (up 2.52%) and Tata Teleservices
(Maharashtra) (up 5.1%) surged. Spectrum trading will allow better spectrum
usages as the idle spectrum from the hands of one service provider gets
transferred to the other service provider who is facing spectrum crunch.
Among public sector banks, Punjab National Bank (up 3.48%), UCO Bank (up
2.8%), Bank of Baroda (up 4.74%), State Bank of India (SBI) (up 2.84%), Canara
Bank (up 3.1%), Bank of India (up 4.59%), Corporation Bank (up 0.68%),
Syndicate Bank (up 0.26%), Allahabad Bank (up 0.46%), Union Bank of India
(up 0.48%) and United Bank of India (up 0.48%) edged higher.

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HOT PURSUIT
The sentiment on the domestic bourses was also boosted by the recommendation
by a committee set up by the previous government to assess and make
recommendations regarding international competitiveness of Indian financial
sector that the levy of Securities Transaction Tax (STT) in the futures & options be
abolished. The Sensex bounced after hitting its lowest level in more than 15
months. The recovery for the Nifty came after the index hit its lowest level in
almost 14 months earlier during the trading session.

A firm trend in global markets aided the upmove on the domestic bourses. Chinese
stocks jumped on expectations that the Chinese central bank will inject more
stimulus for the economy after weak trade data for August. European stocks surged
after the latest data showed German exports and imports rose to their highest level
on record in July. Trading in US index futures indicated that the Dow could gain
more than 300 points at the opening bell.

OPTION STRATEGY
In todays session we have seen call writing in 7900 and 8000 strike price, we may see 7900 as a
strong resistance level in coming days.
MARUTI 4200 and 4350 calls and puts were so active, we may see buying above 4100 level.
DLF 110/120 puts were so active today, we may see more selling as remain below 120.

STOCKS TO WATCH

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TATASTEEL:
Sell TATASTEEL below 235 stock may show 210/200 LEVELS.

VEDANTA:
Keep selling but only on rise 60/50 levels are waiting

HDFC:
Sell HDFCL below 1170 for the target of 1110/1080 in coming days, keep sell on rise.

Top PICKS OF THE DAY

GAIL ABOVE.? TGT..?STOP LOSS?
SELL ICICI BANK BELOW..?...TARGET.?..STOPLOSS?
SELL ONGC BELOW.? STOCK MAY SHOW 190/210 LEVEL IN COMING DAYS
WITH STOP LOSS?
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EXECUTIVES

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